AutoTechInsight
Automotive semiconductor market tracker – June 2024
The automotive semiconductor market grew another 18.5% in 2023 based on revenue share analysis by S&P Global Mobility. A solid performance, but 6 points lower than the previous forecast, mostly because inventory corrections started stronger than anticipated in 2023 already.
After 3 years of abnormal growth inflated with excess production in 2021 and 2022, the automotive semiconductor market is set for a soft landing in 2024 with further inventory reduction. The mid and long term outlook remains positive despite a momentary slowdown of the BEV adoption and the total semiconductor market is set to exceed $100B from 2026.
The automotive semiconductor market tracker Database analyzes the automotive semiconductor market for light passenger vehicles. It provides:
- Global shipment forecast for semiconductor including Analog, Discrete, Logic, Microcontroller, Memory, Optical and Sensors
- Revenue forecast for semiconductor including Analog, Discrete, Logic, Microcontroller, Memory, Optical and Sensors automotive electronics by domain and application (sub-domains)
Key issues addressed:
- How big is the automotive electronics semiconductor market, and how fast will it grow in the next six years?
- Trend analysis of semiconductor adoption on the automotive electronics system by shipments and revenue.
